Polyethylene Glycol Prices Trend and Forecast
North America Polyethylene Glycol prices declined during the final quarter of 2022. Initially, prices decreased marginally amid high inflation and moderate product supplies. At the same time, a significant decrease in the feedstock Ethylene Oxide prices after USA’s EPA identified risks from commercial sterilization facilities using Ethylene oxide. It negatively impacted the production costs of PEG. However, during the mid-quarter, PEG prices-maintained stability due to a rise in production costs amid high feedstock Ethylene demand and an increase in offtakes from the Pharma sector. Then in the final month of Q4, PEG prices declined again because of weak demand and consumption rates and moderate availability of supplies in the market. Asia In Asia, Polyethylene Glycol prices decreased throughout quarter IV of 2022. For an initial couple of weeks, prices were firm and rose marginally due to limited feedstock supplies. After that prices started to decrease and fell till ...